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Illuminating Shrimp Trends Through Data Analysis: Shedding Light on Industry Insights

Amidst the Salmon Industry's Beneficial Utilization of Data Analysis, Challenges Persist in Forecasting Shrimp Harvests Due to Sector Volatility and Fragmentation

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Illuminating Shrimp Trends Through Data Analysis: Shedding Light on Industry Insights
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“Kontali's Lead Shrimp Analyst, Sander Visch, Highlights the Increasing Availability of Reliable Data to Support Decision-Making Across the Shrimp Industry"
Sander Visch, the lead shrimp analyst at Kontali, emphasizes the growing accessibility of dependable data for shrimp traders, feed providers, and investors. Despite the historical difficulty in forecasting shrimp harvests due to the sector's volatility and fragmentation, Visch explains that there is now a wealth of reliable data aiding informed decision-making.
Kontali, renowned for its analytical prowess in the salmon industry, recently expanded its focus to include shrimp with the acquisition of Seafod-Tip in 2020. This move led to the development of shrimp-specific analytical tools, such as the Edge platform, launched in September. This platform enables subscribers to analyze a wide array of shrimp-related data, empowering stakeholders to make more informed decisions.
Visch acknowledges the unique challenges posed by the shrimp industry, notably its shorter production cycle compared to salmon. However, he expresses confidence in leveraging insights from the salmon sector to develop forecasting models tailored to shrimp.
The Edge platform is expected to be particularly beneficial for investors, exporters, producers, and feed providers, offering invaluable insights amidst market uncertainties.
Kontali aims to revolutionize the shrimp industry by fostering a data-driven approach akin to the salmon sector. By providing comprehensive insights and forecasts, Kontali seeks to enhance market predictability and attract investment, ultimately benefiting all stakeholders.
Looking ahead, Kontali plans to expand its analytical models to cover other shrimp species and delve deeper into specific country markets and feed price forecasts. Despite the challenges, Visch remains optimistic about the transformative potential of data-driven decision-making in the shrimp industry.
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